Taxation and Investment

in Argentina 2017

1
Contents
1.0 Investment climate
1.1 Business environment
1.2 Currency
1.3 Banking and financing
1.4 Foreign investment
1.5 Tax incentives
1.6 Exchange controls
2.0 Setting up a business
2.1 Principal forms of business entity
2.2 Regulation of business
2.3 Accounting, filing and auditing requirements
3.0 Business taxation
3.1 Overview
3.2 Residence
3.3 Taxable income and rates
3.4 Capital gains taxation
3.5 Double taxation relief
3.6 Anti-avoidance rules
3.7 Administration
3.8 Other taxes on business
4.0 Withholding taxes
4.1 Dividends
4.2 Interest
4.3 Royalties and technical service fees
4.4 Branch remittance tax
4.5 Wage tax/social security contributions
5.0 Indirect taxes
5.1 Value added tax
5.2 Capital tax
5.3 Real estate tax
5.4 Transfer tax
5.5 Stamp duty
5.6 Customs and excise duties
5.7 Environmental taxes
5.8 Other taxes
6.0 Taxes on individuals
6.1 Residence
6.2 Taxable income and rates
6.3 Inheritance and gift tax
6.4 Net wealth tax
6.5 Real property tax
6.6 Social security contributions
6.7 Other taxes
6.8 Compliance
7.0 Labor environment
7.1 Employee rights and remuneration
7.2 Wages and benefits
7.3 Termination of employment
7.4 Labor-management relations
7.5 Employment of foreigners
8.0 Deloitte International Tax Source
9.0 Contact us
 1.0 Investment climate
1.1 Business environment
Argentina is comprised of 23 provinces, plus the autonomous city of Buenos Aires. The country has a
presidential system, checked by a bicameral congress (National Congress). The federal government
consists of an executive branch (president); the legislative branch (congress), which consists of the
house of representatives and the senate; and the judicial branch. Provincial-level governments are
similarly organized.
Argentina is a member of the Mercosur (Southern Common Market) trade agreement, along with
Brazil, Paraguay, Uruguay and Venezuela (with Bolivia, Chile, Colombia, Ecuador and Peru as
associate members that do not enjoy full voting rights or full access to the markets of the full
members). The agreement, which sets out the basis for a common market among the member states,
aims to promote the free movement of goods, services and people by eliminating obstacles to regional
trade. The trade of goods originating in, and proceeding from, Mercosur countries is not subject to
import duties and a common external tariff has been established for most tariff classification items.
The preferential import tariffs within Mercosur countries have helped to boost trade between the two
major partners, Argentina and Brazil. Most of Argentina’s exports are to Mercosur countries, followed
by the EU, the US and Asia. Argentina’s main imports are industrial inputs, capital goods, components
and food.
Argentina also is a member of the Latin American Integration Association (LAIA, or ALADI in Spanish),
which includes all countries in South America, as well as Mexico. LAIA aims to create a common
market for the member countries through progressive tariff reductions, and to encourage free trade.
The country is richly endowed with natural resources. The most important industries are those related
to agribusiness, food and beverages, chemicals, petrochemicals and motor vehicles. The government
has created incentive regimes to develop other areas, such as software, renewable energy,
biotechnology, biofuel production and mining.

Price controls
The government controls prices in some sectors, such as urban transport; local telephone services;
electricity, water and gas distribution at the retail level; and tolls on highways and rivers.

Intellectual property
The Transfer of Technology Law 22,426 governs agreements relating to the transfer, assignment or
licensing of technology or trademarks. The law defines technology to include patents, industrial
models and designs and any technical knowledge applicable to manufacturing a product or rendering a
service.
Law 25,859, which covers patents, also protects a patent holder by preventing third parties from using
the holder’s patented procedure. The law validates international research and technical examinations
made by certain international patent offices. Patents are granted for 20 years from the date of
publication. The owner of a patent has the right to prevent third parties from using, offering or selling
the patent without his/her consent.
The registry of trademarks at the National Trademark Registry Agency establishes the right to the
exclusive use or exploitation of a trademark for 10 years, which may be renewed indefinitely for
additional 10-year periods.
Article 17 of the Constitution protects intellectual property. Law 11,723 on Intellectual Property
provides copyright protection. Infringement of industrial property rights is a criminal offense. A foreign
licensor or its local licensee may institute legal procedures.

1.2 Currency
The currency in Argentina is the Argentine Peso (ARS).

1.3 Banking and financing

Banks increasingly are funding their operations through deposit-taking, rather than through other
financing options. Most deposits are short-term (the minimum term generally is 30 days).

Argentina Taxation and Investment 2017 (Updated October 2017) 2

 Argentina’s Central Bank is responsible for regulating and supervising financial institutions, as well as
the establishment of foreign bank branches.
Argentina’s financial center is the capital, Buenos Aires.

1.4 Foreign investment

Foreign investment in Argentina is governed by the Foreign Investment Act. Foreign companies may
invest in Argentina on an equal footing with domestic firms without prior government approval.
Foreign investors have the same rights and obligations as domestic investors and may enter any area
of economic activity without a local partner. Approval or special procedures generally are not required.
However, if the investment of a foreign company consists of an equity holding in an Argentine
company, the foreign company must be registered with the Superintendency of Corporations in the
jurisdiction in which the Argentine company is located. The government also has adopted a tougher
stance toward some new foreign companies, for example, by requiring that such firms provide
information to the government about their shareholders.
Investments may be made in the form of capital assets, intangible assets, foreign currency, profits
from other investments and any other form accepted by the Argentine authorities.

1.5 Tax incentives

Tax incentives are available for certain activities, such as mining, forestry, software production,
renewable energy, biotechnology and biofuel production; incentives also are offered at the provincial
level.
A preferential regime is available to legal entities incorporated in Argentina that primarily are active in
the software industry. Companies that are approved by the competent authority will be entitled to the
following benefits:

• Tax stability for all national taxes until 31 December 2019 (when the incentive expires), meaning
there will be no tax increases during this period;

• Treatment of software design, development and production as industrial activities, so that such
activities may benefit from incentives offered to industrial companies;

• Nonrefundable tax credit of up to 70% of the employer’s social security contributions that may be
set off against federal taxes (with certain limitations);
• Sixty percent reduction of the income tax due in each fiscal year; and

• An exemption from VAT withholding or additional VAT withholding.

A tax-free zone has been set up in Tierra del Fuego with special incentives for certain activities carried
out within the zone. There are a number of free trade zones where goods generally are not subject to
the ordinary customs controls and, in general, no duties or taxes are levied on goods entering and
leaving the country (exported).

1.6 Exchange controls

Argentina operates a limited foreign exchange control regime. The transfer of funds into and out of the
country must be carried out in accordance with central bank regulations
Proceeds from exports of goods must be brought into the country and converted into pesos within 10
years of the date of shipment of the goods. It is no longer mandatory to remit to Argentina proceeds
from the export of services.
Prior authorization from the central bank no longer is required for payments for services and of
royalties to related entities or to noncooperative jurisdictions (as defined by the income tax
regulations), but specific, and in certain cases detailed, documentation related to the payment must
be submitted to the local financial entity making the transfer.
Dividends may be paid without approval with respect to profits arising from an audited financial
statement.

Argentina Taxation and Investment 2017 (Updated October 2017) 3

 2.0 Setting up a business
2.1 Principal forms of business entity
The main types of legal entity available for carrying on commercial activities in Argentina are the
corporation (sociedad anónima or SA) and the limited liability company (sociedad de responsabilidad
limitada or SRL). Businesses also may be established as sole proprietorships, general partnerships and
cooperatives.
A foreign entity generally has three options for carrying out business in Argentina: (1) incorporate an
SA or SRL; (2) acquire a participation in an existing Argentine company; or (3) set up a branch office
in Argentina.
SAs and SRLs generally are regulated by Corporate Law 19,550, and most SAs also are regulated by
resolutions issued by the Superintendency of Corporations. Public companies are subject to
regulations issued by the National Securities Commission.
Operating costs of an SRL are lower than for an SA. From a tax perspective, both SAs and SRLs are
taxed at the corporate rate of 35%.

Formalities for setting up a company

The procedure for setting up a new firm is simple. The name of the company is first vetted by the
Superintendency of Corporations to ensure that no other company has the same name. This involves
submitting a simple form with the firm name and type of organization. Registration takes place when
the new company submits its notarized contract, along with the remaining documentation required by
the Superintendency of Corporations.
Foreign companies interested in incorporating local companies or in having interests in local
companies must be registered with the relevant Superintendency of Corporations. A foreign company
doing business in Argentina must present its balance sheet to the government and show the assets it
has in each country in which the company operates. In addition, foreign companies have to file a
sworn statement with the Superintendency of Corporations regarding the existence (or lack of
existence) of a beneficial owner (i.e. an individual who holds at least 20% of the capital or voting
rights of the company, or by other means exercises final control, directly or indirectly, over the
company or other legal structure).

Forms of entity
Requirements for an SA
The SA is the legal entity most commonly used by businesses.
Capital: Capital of at least ARS 100,000 is required. The level of an SA’s capital stock must be
appropriate for the achievement of the corporate purpose, and the Superintendency of Corporations
may request that an SA set an amount of capital higher than the minimum. If cash is paid in
consideration for the capital stock, at least 25% of the capital must be paid in at the time of
incorporation, with the remaining amount paid in within the next two years. If the consideration is
made in a form other than cash, the subscription must be fully paid in.
Shareholders: A minimum of two shareholders generally is required. The corporate law does not set
minimum or maximum amounts of capital or percentages that an individual must own in a company or
corporation to be considered a shareholder. However, in Buenos Aires City, a single shareholder is
permitted a maximum participation of around 95% of the capital stock, with the remaining 5%
required to be owned by at least one other shareholder.
Shareholders can be domestic or foreign companies, or individuals of any nationality or residence.
Shareholder liability is limited to full payment of the stock subscribed for by each shareholder.
The Civil and Commercial Code that became effective in 2015 made some changes to the companies
law, one of which is to allow the incorporation of a single shareholder SA (sociedades anónimas
unipersonales or SAU). This type of entity can be incorporated only as an SA, and is subject to
permanent government control, among other requirements.
Board of directors: For most SAs, the board may be comprised of only one director, although three
board members are required for certain corporations (i.e. where capital exceeds ARS 10 million for
SAs with a sole shareholder or if the corporation is publicly held, and in the case of public utilities).

Argentina Taxation and Investment 2017 (Updated October 2017) 4

 There are no nationality requirements for directors, and they need not be shareholders. However,
special rules apply regarding the actual residence of the directors (i.e. an absolute majority of all the
directors appointed by the shareholders have to be Argentinian residents). The board must appoint a
president. An absolute majority of the board constitutes a sufficient quorum. Special requirements
apply to public companies.
Management: The board of directors is responsible for the management of the business of an SA.
The shareholders are the governing body.
Types of fee: Fees and related expenses for registration of a local company typically amount to the
equivalent of approximately USD 5,000, and some provinces may impose a stamp tax of up to 1%
upon registration.
Types of share: Capital stock is represented by shares. Shares must be nominative and
nonendorsable and may be represented by certificates. The issuance and ownership of noncertificate
shares arises from records in the company’s share registry book.
Control: Unless all of the capital stock is represented at a shareholder meeting and all resolutions are
adopted by unanimous vote, a meeting should be called by means of publication of a notice (in the
official gazette at least five days before the meeting and, in specific cases, in a national newspaper at
least 10 days (but no more than 30 days) before the meeting).
Shareholders’ meetings may be ordinary or extraordinary, depending on the issues to be addressed.
Shareholders representing the majority of the voting shares must attend ordinary meetings. Decisions
are made by a majority of the votes of those in attendance. An initial extraordinary meeting must
have a quorum of 60% of the votes of those present; a second meeting requires a quorum of 30%.
Labor: There is no requirement that labor be represented on the board or in the management.

Requirements for an LLC (SRL)

The SRL is one of the most commonly used legal structures, after the SA.
Members: There must be at least two and no more than 50 members (with the Superintendency of
Corporations applying the same 95% maximum limit on the ownership of capital by a single member
that applies to an SA). Partners can be domestic or foreign companies or individuals (but may not be
domestic corporations) and no nationality or residence requirements apply. The liability of a member
is limited to full payment of the equity participation subscribed for by the partner.
Capital: There is no minimum capital requirement for an SRL. However, the Superintendence of
Corporations may request that an SRL set a higher amount of capital than that decided on by the
members. The capital must be subscribed in full and 25% must be paid in at the time of incorporation,
with the balance paid in within two years. Contributions of capital other than cash must be fully paid in
at the time of incorporation.
Management: Management duties are carried out by one or more managers, acting individually or
jointly, as set forth in the articles of incorporation. Managers are not subject to nationality
requirements. If the managers act jointly or if there is only one manager, an absolute majority of all
the managers appointed by the members must reside in Argentina. Managers need not be members.
Member meetings: Company resolutions are adopted as set forth in the bylaws of incorporation. If
one member represents the majority vote, amendments to the bylaws require the vote of another
member.
Labor: There is no requirement that labor be represented on the board or in the management.

Branch of a foreign corporation

A foreign company can operate in Argentina through a branch rather than a subsidiary.
A branch must be registered with the Registry of Companies. An application for branch registration
must be in Spanish, notarized and filed locally, and must include the articles of incorporation and
bylaws of the head office and a copy of the resolution setting up the Argentine branch. There generally
is no need for a branch to have a specific amount of capital. The branch must be managed by a legal
representative authorized to operate the branch. The branch must keep accounts separate from those
of its head office and must file annual financial statements with the Superintendency of Corporations.
Different requirements apply to branches in Buenos Aires City.
Foreign corporations usually operate in Argentina through a separately incorporated subsidiary, rather
than a branch, primarily to minimize potential legal liability. If a branch is sued, all of the foreign

Argentina Taxation and Investment 2017 (Updated October 2017) 5

 corporation’s assets, not just its domestic assets, may be subject to liability. In contrast, if a
subsidiary is sued, the foreign corporation’s liability generally would be limited to the assets owned by
the subsidiary.
A branch is taxed in the same manner as a subsidiary.

2.2 Regulation of business

Mergers and acquisitions
The government generally supports mergers and acquisitions (M&A) that promote efficiency, provided
the results are not monopolistic (although the government has allowed transactions that clearly
resulted in monopolies). All M&A involving companies with combined domestic revenue in excess of
ARS 200 million must be notified to and authorized by the National Antitrust Commission. However,
this law does not apply to foreign firms that have had no previous presence in Argentina.

Monopolies and restraint of trade

Antitrust law prohibits acts related to the production or exchange of goods and services that limit,
restrict, falsify or distort competition or access to the market, or that constitute abuse of a dominant
position in a market that may damage the general economic interest. Prohibited practices include:

• Fixing, determining or manipulating prices;

• Exchanging information to fix or manipulate prices;

• Limiting or controlling the technical development, production or distribution of goods or services;

• Establishing conditions of sale, minimum quantities, discounts or other marketing rules;

• Conditioning contracts on the acceptance of services or supplementary purchases that are not
normally connected with such contracts;

• Impeding market access of competitors;

• Refusing, without commercial reason, to fulfill orders contracted under current market conditions;

• Imposing, without commercial reason, discriminatory specifications as to the sale or purchase of

goods or services;

• Conditioning the sale of goods on the purchase of other goods or the use of a service, or
conditioning the provision of a service on the use of other services or the purchase of goods;

• Making a purchase or sale conditional on not using, purchasing, selling or supplying goods or
services submitted in existing market conditions;

• Suspending the provision of a dominant monopolistic service in the market to a provider of public
services or of services that are in the public interest;

• Dividing zones, customers, markets or suppliers among competitors;

• Agreeing or coordinating public bids; and

• Selling or providing services at below production cost without commercial justification, to harm
competitors.
The National Antitrust Commission is responsible for ruling on monopoly issues and has broad
investigative powers. The commission can initiate investigation proceedings ex officio or at the request
of any party or entity, and may impose conditions and issue cease and desist orders as a preventive
measure at any stage of the process. The commission’s decisions are subject to judicial review.

2.3 Accounting, filing and auditing requirements

Accounting standards
Public companies whose shares or bonds are quoted in local capital markets (except for banks and
financial institutions, insurance companies and other entities subject to special government
regulations, including cooperatives) are required to use IFRS for the preparation of their financial
statements. Financial entities are moving to IFRS, in accordance with a decision of the central bank
that requires the full application of IFRS by 2018.

Argentina Taxation and Investment 2017 (Updated October 2017) 6

 Some private companies can elect to adopt full IFRS, IFRS for small and medium-sized enterprises
(SMEs) or local professional accounting standards as of the same dates. The set of local accounting
standards also provides for certain simplified recognition and measurement procedures for SMEs (the
size for those entities is determined on the basis of sales amounts in the previous year).
Local accounting standards are developed by a national professional body, the Argentine Federation of
Professional Council in Economic Sciences (FACPCE). These standards, known as “technical
resolutions” and interpretations are adopted with minor changes by the government regulatory bodies,
such as the National Securities Commission or the Corporate Inspection Department (regulators for
private companies in the 24 jurisdictions or provinces). The central bank and the National Insurance
Superintendency supplement the professional accounting standards with rules designed specifically for
entities under their control. Certain rules of these two regulators may give rise to material departures
from the accounting standards.
The professional accounting standards are based mainly on a 1998 IFRS ruling, thus giving rise to
many differences from current IFRS.

Auditing requirements
Annual financial statements and an auditor’s opinion must be submitted. Local auditing standards are
established in a technical resolution issued by the FACPCE and are aligned with the International
Auditing Standards issued by the International Federation of Accountants (IFAC), but there are
differences. Annual statutory financial statements of public companies that are to be prepared on the
basis of IFRS must be audited by applying the full International Standards on Auditing, and interim
financial statements must be reviewed by applying the International Standards on Review
Engagements. In other cases, international standards may be used for audits, reviews, other
assurance engagements and related services.

Filing requirements
Public companies must file interim and annual financial statements with the National Securities
Commission and the Buenos Aires Stock Exchange, respectively. The quarterly and annual filings must
include consolidated and separate financial statements allowing comparison with the previous year or
period. Financial statements include the statements and supplementary information required by IFRS.
If the parent company is a public company, the financial statements of companies under the control,
joint control or significant influence of the parent company should be filed with the financial
statements of the parent company.
A “summary of financial information” must be attached to the quarterly and annual statements. This
document includes a summary of comparative financial statements (five periods), certain defined
financial ratios and general comments on the operations for the period and the business perspectives
of the board of directors. Annual filings include the board of directors’ report to the shareholders, with
an annex concerning compliance with certain corporate governance principles.
A private company must file its annual financial statements with the Corporate Inspection Department
of the relevant jurisdiction. The filing includes consolidated and separate financial statements (the
latter being those with legal status for purposes of making corporate decisions) allowing comparison
with the previous year. Financial statements include a statement of the financial position, a statement
of income, a statement of the evolution of the shareholders’ equity and a statement of cash flow, as
well as supplementary information in the form of notes and schedules, prepared on the basis of local
accounting standards (which require, in general, fewer disclosures than IFRS). In addition to filing with
the Corporate Inspection Department, banks, financial institutions and insurance companies must file
quarterly financial statements with the central bank and the National Insurance Superintendency,
respectively, in accordance with the relevant regulations.

Argentina Taxation and Investment 2017 (Updated October 2017) 7

 3.0 Business taxation
3.1 Overview
Taxes are levied at the federal, provincial and municipal levels in Argentina. The main federal taxes
are income tax, minimum presumed tax, social security contributions, value added tax (VAT),
withholding tax, import and export taxes, tax on financial transactions and net worth tax. The 23
provinces and the city of Buenos Aires levy property tax, sales tax, stamp tax and some other indirect
taxes.
Various incentives are available (see 1.5, above).
Taxes are administered and collected by the Federal Administration of Public Revenue.
Argentina has a small tax treaty network.
The constitution provides that the federal government (National Congress) shares its legislative
powers to tax with the provincial legislatures and with the legislature of the City of Buenos Aires. The
power to impose taxes on imports and exports is vested solely with the National Congress.
Argentina does not have a "tax code;" instead, the various categories of taxes are governed by
separate laws that are supplemented by regulations issued by the executive branch of the
government.

Argentina Quick Facts for Companies

Corporate income tax rate 35%

Branch tax rate 35%

Capital gains tax rate 35%

Income tax on presumed income 1%

Basis Worldwide income

Participation exemption No

Loss relief

• Carryforward Five years

• Carryback No

Double taxation relief Ordinary credit

Tax consolidation No

Transfer pricing rules Yes

Thin capitalization rules Yes

Controlled foreign company rules Yes

Tax year Fiscal year

Advance payment of tax Yes

Return due date 15th day of the 5th month following the fiscal year
Withholding tax

• Dividends 0%/35%
• Interest 15.05%/35%
• Royalties 12.25%/17.5%/28%/31.5%
• Branch remittance tax 0%/35% (branch profits are treated as dividends)
• Sales of shares and other securities 0%/13.5%/15%

Capital tax No

Argentina Taxation and Investment 2017 (Updated October 2017) 8

 Financial transactions tax 0.6% per transaction

Net wealth tax 0%/0.25% annually

Social security contributions 23%/27% of payroll

Real estate tax Varies

Stamp tax 1% generally, 2.5%-4% for real estate sales

VAT 21%

3.2 Residence
A company is resident in Argentina if it is incorporated in Argentina. A branch of a foreign company
also is deemed to be tax resident.

3.3 Taxable income and rates

Argentine residents are subject to tax on worldwide income, with a tax credit granted for tax paid
abroad on foreign income. Nonresidents without a permanent establishment in Argentina pay tax only
on Argentine-source income, with the tax typically levied in the form of a final withholding tax
depending on the type of income. Corporations, limited liability companies and branches generally are
taxed in the same way.
The corporate income tax rate is 35%. A higher rate of 41.5% applies to gambling income derived by
casinos and similar businesses.
An annual tax on minimum presumed income is applied at the federal level at a rate of 1% on the
assets of Argentine tax residents, including shareholdings in foreign companies (but not resident
companies). Taxpayers carrying on certain activities (e.g. banking and insurance) are subject to a
reduced rate. The minimum tax is imposed only where its amount exceeds the taxpayer’s income tax
liability. Any minimum tax payable is creditable against the excess of income tax over minimum tax in
the following 10 years. According to a decision of the Supreme Court, the presumed tax is not payable
by a company that reports both tax and book losses in the same tax year.
The presumed tax is repealed for fiscal years beginning after 1 January 2019.

Taxable income defined

Taxable income is the difference between income or gains derived by the taxpayer in the tax period
and the expenses incurred to obtain the income and keep and retain its source. All income and gains
are subject to corporate income tax, unless specifically exempted.
Dividends received by an Argentine company from another Argentine company are exempt from
income tax, while dividends received from a foreign company are subject to tax, with a credit granted
for the underlying corporate tax paid on the profits out of which the dividends are paid, as well as a
credit for any withholding tax suffered on the dividends.

Deductions
All expenses incurred in obtaining and preserving taxable income may be deducted. In addition to
regular business expenses, deductible items include taxes paid (except for income tax and net worth
tax), arm’s length payments made to foreign affiliates, director’s fees, employee salaries and
donations of up to a maximum of 5% of taxable income. Interest payments may be deducted unless
the thin capitalization rules apply, and the deduction of trademark and patent payments to foreign
beneficiaries is limited to 80% of the total amount paid. Other limits on certain expenses may exist
(vehicles, entertainment, etc.). All deductions are subject to review by the tax authorities.

Depreciation
Annual depreciation rates for tangible assets range from 2% to 33%, calculated on a straight-line
basis. The usual rates are 2% for buildings; 10% for machinery and equipment; and 20% for tools
and vehicles (with a cap for vehicles). Intangible assets without a definite life (such as goodwill or
brands) may not be amortized for income tax purposes.

Reserves
Reserves, except reserves for bad or doubtful debts, generally are not deductible.

Argentina Taxation and Investment 2017 (Updated October 2017) 9

 Losses
Net operating losses may be carried forward for up to five years. The carryback of losses is not
permitted. Certain losses (i.e. foreign-source losses or losses incurred on the sale of shares) may be
set off only against profits of the same kind.

3.4 Capital gains taxation

Most capital gains are included in taxable income and taxed at the normal corporate income tax rate.
Gains derived from the sale of shares by an Argentine entity are subject to income tax. Gains derived
by a nonresident from the sale of shares of an Argentine corporation or other participation in the
capital of an Argentine entity are subject to a 15% tax. The seller has the option to calculate tax on
90% of the gross proceeds, or on the entire gross proceeds less expenses incurred in deriving the
gains. No distinction is made between short- and long-term gains.

3.5 Double taxation relief

Unilateral relief
A resident company may claim a tax credit for foreign tax paid, up to the Argentine tax liability
computed with respect to the foreign-source income concerned. The credit is granted on an overall
rather than a per-country basis. Withholding taxes suffered are creditable, as are underlying direct tax
and underlying tax paid at lower tiers (subject to certain conditions). Foreign tax credits may be
carried forward for five years, but they may not be carried back.

Tax treaties
Argentina has a relatively small tax treaty network and its treaties do not always follow the OECD
model treaty. Treaties generally provide for relief from double taxation on all types of income, limit
the taxation by one country of companies resident in the other and protect companies resident in one
country from discriminatory taxation in the other. Argentina has exchange of information agreements
with nontreaty countries as part of the OECD/G20 BEPS initiative.
A certificate of residence (on a specific form) is required for a nonresident to obtain benefits under one
of Argentina’s tax treaties.

Argentina Tax Treaty Network

Australia Chile Italy Spain

Belgium Denmark Netherlands Sweden

Bolivia Finland Norway Switzerland

Brazil France Russia United Kingdom

Canada Germany

3.6 Anti-avoidance rules

Transfer pricing
Argentina’s transfer pricing rules generally follow the OECD guidelines and require transactions with
related parties to be on arm’s length terms. The transfer pricing rules apply to transactions with
foreign related parties (as defined by law), as well as to transactions with unrelated parties that are
resident in noncooperative jurisdictions, and foreign entities with an economic link to the Argentine
company with certain characteristics such as contractual or functional influence.
Five transfer pricing methodologies are authorized: (1) comparable uncontrolled price method; (2)
cost-plus method; (3) resale price method; (4) profit split method; and (5) transactional profit margin
method. A “sixth” method, which is a variation of the comparable uncontrolled price method, must be
used in certain circumstances and for certain products, mainly commodities.
Argentina has transfer pricing documentation requirements. A transfer pricing study must be filed
annually and submitted electronically to the tax authorities within eight months of the fiscal year end.
There also are reporting forms that must be submitted periodically. The tax authorities may request

Argentina Taxation and Investment 2017 (Updated October 2017) 10

 information on transactions with affiliated companies if their arm’s length nature is not sufficiently
documented.
Advance pricing agreements are not available.

Country-by-country (CbC) reporting

Argentina has not yet introduced local CbC reporting in accordance with action 13 of the G20/OECD
BEPS project, but it is one of the countries that has signed a multilateral competent authority
agreement for the automatic exchange of financial account information.

Thin capitalization
Argentina has thin capitalization rules that operate to disallow a deduction for interest expense if a
company’s debt-to-equity ratio exceeds 2:1 and interest is paid to a controlling financial institution or,
in general, to an entity resident in a tax treaty country. The excess interest is recharacterized as a
dividend payment. Interest paid to a nontax treaty country is subject to 35% withholding tax and the
related debt is not included for the purposes of calculating the company’s debt-to-equity ratio.

Controlled foreign companies

The CFC rules require resident shareholders to include in their taxable income passive income derived
by a company resident in a “noncooperative country” in which they have a direct or indirect
participation, in certain cases. The following income is considered passive income: dividends, interest
(unless obtained commercially, e.g. where the subsidiary is a bank), royalties, rent from real property
(unless the property is commercially exploited) and gains from the sale of shares, participations and
bonds, as well as transactions involving derivatives and similar financial instruments (unless entered
into for hedging purposes).
The CFC regime applies only to passive income that comprises at least 50% of the income of the
foreign company concerned. The passive income of the CFC to be included in the taxable income of an
Argentine shareholder is that derived by the CFC in the CFC's fiscal year ending in the fiscal year of
the Argentine shareholder. Current taxation will not apply if at least 50% of the profits of the foreign
company are related to active income. Foreign partnerships and branches are taxed on an accrual
basis.
The Argentine tax authorities have issued a list of countries that are considered “cooperative” for tax
transparency purposes. Any country or jurisdiction not included on the list of cooperative countries is
deemed to be a noncooperative country and is subject to Argentine anti-avoidance measures such as
transfer pricing requirements, higher withholding tax rates on interest and CFC provisions, as
mentioned above.

General anti-avoidance rule

Argentina’s tax procedure law includes an economic reality principle as a general anti-avoidance rule,
under which the tax authorities can look to the actual economic transaction and disregard the legal
form and structure used by the taxpayer.

BEPS
Argentina has not yet announced whether and how it will implement the 15 G20/OECD BEPS
recommended actions. Argentina is one of the countries that has signed a multilateral competent
authority agreement for the automatic exchange of financial account information and also has signed
the OECD multilateral instrument under the BEPS project.

3.7 Administration
Tax year
The tax year is the fiscal year, which may be the calendar year or another period that covers 12
consecutive months.

Filing and payment

Argentina operates a self-assessment system.
Companies must make 10 advance payments of income tax during the year, with the first installment,
equal to 25% of the preceding year’s income tax liability, due by the 15th day of the sixth month after

Argentina Taxation and Investment 2017 (Updated October 2017) 11

 the start of the company’s fiscal year. The other nine installments each must be equal to 8.33% of the
preceding year’s income tax liability. No prepayments are required for the presumed tax.
Companies must submit a tax return based on the information included in the financial statements.
The net taxable income is assessed according to the law. The net income on the financial statements
is subject to adjustments set forth in the law. The accounting records of subsidiaries and branches of
foreign persons must be submitted separately from their parent companies or head offices, and must
make any necessary amendments to determine the Argentine tax result.
The income tax return must be filed by the 15th day of the fifth month after the end of the company’s
fiscal year, with any remaining tax due paid at that time. Electronic filing is required.
Interest is imposed for late payments (3% monthly), plus fines form 50% to 100% of the tax omitted
(reductions are available). Tax evasion is subject to higher penalties and possibly imprisonment.

Consolidated returns
Argentina does not allow the filing of consolidated returns; each company must file a separate return,
and there are no provisions for relief of group losses.

Statute of limitations
The general statute of limitations is five years, counted from 1 January of the year immediately
following the year the tax return was due. Exceptionally, statute of limitations periods still running as
at 31 May 2013 are extended for an additional year (i.e. to six rather than five years). The same rules
apply for both assessment and collection purposes.

Tax authorities
At the federal level, the Federal Administration of Public Revenue (AFIP) reports to the Ministry of
Economy and Public Finance.
The AFIP is responsible for the levy and collection of federal taxes, such as the income tax, VAT,
minimum presumed income tax, personal assets tax, etc.
Taxes at the provincial level are collected and administered by the provincial revenue agencies
working under the relevant provincial ministries of economy. The main provincial taxes are gross
income tax (or turnover tax), stamp tax and real estate tax.
The municipalities raise revenue through rates and special contributions.

Rulings
Argentina does not have a ruling system, but there is a binding consultation system that requires
certain conditions to be fulfilled.

3.8 Other taxes on business

See section 5.8, below, for the tax on financial transactions.

Argentina Taxation and Investment 2017 (Updated October 2017) 12

 4.0 Withholding taxes
4.1 Dividends
Dividends paid to a nonresident are exempt from withholding tax (the previous 10% tax was abolished
as from 23 July 2016). A withholding tax applies only if dividends exceed the payer company’s
accumulated taxable income, after certain adjustments. If applicable, the withholding tax rate is 35%.

4.2 Interest
The general withholding tax on interest paid to nonresidents is 35%. However, this rate is reduced to
15.05% if:

• The borrower is a financial institution;

• The lender is a bank or financial institution located in a “cooperative jurisdiction”;

• The interest relates to certain bonds that are registered in countries that have concluded an
investment protection agreement with Argentina; or

• The transaction involves the financing by a seller of depreciable movable property.

4.3 Royalties and technical service fees

Royalty payments made to a nonresident author for the exploitation of a copyright in Argentina are
subject to a final withholding tax of 35% on 35% of the gross payment (resulting in an effective rate
of 12.25%), provided the work concerned is registered with the National Copyright Bureau and certain
conditions are satisfied.
Patent royalties and fees for technical assistance, engineering or consulting services paid to a
nonresident are subject to a final withholding tax of 35% on a prescribed percentage of the gross
payment, which varies depending on the type of payment. Patent royalties paid to a nonresident are
subject to a final effective withholding tax of 28% of the gross payment (35% x 80%) if the
agreement under which the royalties are paid is registered with the National Institute of Industrial
Technology (INTI). If these conditions are not satisfied, the effective rate on the royalties is 31.5%
(35% x 90%).
Fees for technical assistance, engineering or consulting services paid to a nonresident are subject to a
final effective withholding tax of 21% of the gross payment (35% x 60%) if the agreement under
which the fees are paid is registered by the INTI and the services cannot be obtained in Argentina. If
the agreement is registered but the services can be obtained in the country, the effective rate is 24%
(35% x 80%). For agreements that do not fall under or comply with the transfer of technology law,
the effective rate is 31.5% (35% x 90%).
Film and television royalties are subject to a final withholding tax of 35% on 50% of the gross
payment, resulting in an effective rate of 17.5%.

4.4 Branch remittance tax

Argentina does not levy a branch profits tax. Profits distributions are treated as dividends.

4.5 Wage tax/social security contributions

There is no payroll tax in Argentina.
The social security system is financed with funds generated by an employer contribution of 17% or
21% of payroll (without a cap and based on the size and activities of the employer) and an employee
contribution of 14% of salary (up to a monthly cap). The health care scheme is financed with funds
generated by an employer contribution of 6% of payroll (without a monthly cap) and an employee
contribution of 3% of salary (up to a monthly cap).
In certain provinces, part of the employer’s social security payment is creditable against VAT.
Self-employed individuals must make their own monthly contribution consisting of a fixed amount.

Argentina Taxation and Investment 2017 (Updated October 2017) 13

 5.0 Indirect taxes
5.1 Value added tax
VAT is levied on the supply of goods located or placed within Argentina, services performed or
rendered within the country, and on the import of personal property and services rendered abroad,
but economically used in Argentina.
The general VAT rate is 21%, although an increased rate of 27% applies to some services, such as the
supply of certain communications services, power, natural gas and water. A reduced rate of 10.5%
applies to capital goods and other items. Exports of goods and services are zero-rated (VAT is not
levied on the output, but VAT paid on inputs may be reclaimed).
A business entity or an individual that makes taxable supplies of goods or services in Argentina is
considered a VAT taxpayer. Except for small operations, entities that engage in taxable activities must
be registered for VAT purposes. VAT for services rendered from abroad is paid by the local entity
receiving the service through a reverse charge mechanism. As from 1 January 2017, the reverse
charge also applies for services performed by nonresidents within Argentine territory.
VAT returns must be submitted monthly between the 18th and the 22nd day of the month following
the month concerned. In the case of imports, the VAT is computed and paid with the custom duties.

5.2 Capital tax

Argentina does not levy capital duty.

5.3 Real estate tax

The provincial governments levy real property tax on urban and rural land, with the rate depending on
the jurisdiction. The tax base for the real property tax generally is the fiscal value of the property
determined by the applicable authority.

5.4 Transfer tax

Argentina does not levy a transfer tax.

5.5 Stamp duty

Stamp tax is levied on the formal execution of public and private instruments. Documents subject to
stamp tax include all types of contracts, notarial deeds, receipted invoices confirmed by a debtor,
promissory notes and negotiable instruments.
The rate is 1%, but there are exceptions, such as for real estate sales, where the rate ranges from
2.5% to as high as 4%. Stamp tax may be paid by means of fiscal stamps, a stamping meter or on
the tax return.
Each province has its own stamp tax law that applies within its territory. There are some instances of
double taxation for which no legal remedy exists. The general stamp tax rate in Buenos Aires City is
1%. The rate is higher for the transfer of title to real property in certain cases.

5.6 Customs and excise duties

Argentina imposes export duties on certain limited specific products, the amount of which depends on
the nature of the goods exported. The importation of goods is subject to import duties, with special
exemptions for certain capital goods. Export refunds are available for exports of certain goods. The
importation of certain goods is subject to prior authorization before a purchase order is made.
Applications for authorization must be made via the tax authorities’ website.
Excise taxes are levied on certain products (e.g. fuel, luxury items, cigarettes and certain beverages).

5.7 Environmental taxes

There are no federal environmental taxes. Some provinces have created special assessments with
respect to specific activities.

Argentina Taxation and Investment 2017 (Updated October 2017) 14

 5.8 Other taxes
Sales tax and municipal assessments
Sales taxes are levied at the provincial level, in Buenos Aires City and in some municipalities,
generally at a rate of 3% to 5% of gross revenue. Higher rates may be imposed on certain services in
some provinces; industrial activities usually are exempt or subject to lower rates.
Municipalities impose assessments for services provided; in certain cases, these are calculated by
applying the same taxable base as for sales tax purposes.

Financial transactions tax

The tax on financial transactions is levied on debits and credits in current accounts at a rate of 0.6%
per transaction. Of the amount levied on credits, 0.2 percentage points may be taken as an advance
payment of income tax or minimum presumed income tax, resulting in an effective rate of 0.4%, and,
therefore, 1% on a complete collection/payment cycle. There are some exemptions.
An extraordinary, one-time 15% tax on income obtained from certain foreign currency derivatives
transactions is imposed in addition to the income tax that may be applicable to the transaction. The
tax has been imposed on companies for the fiscal year spanning 27 December 2016.

Net wealth/net worth tax

An annual net wealth tax of 0.25% is applied to any equity interests in a company organized in
Argentina and owned by either resident individuals or nonresidents. The Argentine company is
responsible for payment of the tax but has the right to be reimbursed by the shareholders. Under
certain conditions, companies that had fulfilled their tax obligations for 2014 and 2015 could have
requested by 31 March 2017 an exemption from the tax for 2016, 2017 and 2018.

Argentina Taxation and Investment 2017 (Updated October 2017) 15

 6.0 Taxes on individuals
Individuals are subject to income tax, wealth tax and social security contributions.

Argentina Quick Facts for Individuals

Income tax rates 5%-35% (residents), 24.5% (nonresidents)
Capital gains tax rates 0%/15%

Basis Worldwide income

Double taxation relief Ordinary credit

Tax year Calendar year

Advance payment Yes

Return due date April/May

Withholding tax

• Dividends 0%/35%
• Interest 15.05%/35%
• Royalties 12.25%/17.5%/28%/31.5%

Net wealth tax 0.5% (subject to possible exemption)

Social security 17% cap

Inheritance tax No federal tax, but two provinces levy tax

Real estate tax Varies

VAT 21%

6.1 Residence
The following individuals generally are considered Argentine residents:

• Argentine individuals, whether native or naturalized, but excluding those who have lost
"permanent resident" status for income tax purposes either because they have acquired
permanent residence status for immigration purposes in another country or because they have
resided abroad for a continuous period of 12 months. Short trips to Argentina do not interrupt the
continuous 12-month period if, cumulatively, the trips do not exceed 90 days in a 12-month
period.

• Foreign individuals who have been granted a permanent residence visa or individuals with a
temporary visa who have remained in Argentina for more than 12 months. Temporary absences
will be disregarded to the extent they do not cumulatively exceed 90 days in a 12-month period.
(Foreign individuals with a temporary visa, as well as accompanying relatives, who are required to
remain in Argentina by reason of their employment for a period not exceeding five years are not
considered Argentine residents for tax purposes.)
• Under certain circumstances, individuals who, having lost their permanent residence in Argentina
or acquired permanent residence elsewhere, re-enter Argentina with the intention of residing there
permanently.

6.2 Taxable income and rates

Argentine residents are subject to tax on their worldwide income; nonresidents are taxed only on their
Argentine-source income.

Argentina Taxation and Investment 2017 (Updated October 2017) 16

 Taxable income
Employment income, including most employment benefits, is taxable, as is income derived from the
carrying on of a business or profession. Rental and interest income also are subject to tax. Most
Argentine-source financial income is exempt (e.g. interest on time deposits in local banks, interest
from bonds, etc.). Dividends and other profits distributed by Argentine entities are exempt, and gains
derived by Argentine resident individuals from the sale of shares, bonds and other securities not listed
on a stock exchange or authorized for public offering, in both cases according to the National
Securities Commission, are subject to income tax at a 15% rate.
A foreign individual with an employment contract for up to five years is taxed only on Argentine-
source income, provided the individual holds a temporary visa.

Deductions and reliefs

A number of personal allowances may be deducted in computing taxable income (e.g. a special
employee deduction, an additional deduction for a spouse or child, etc.), but certain requirements
must be met. Subject to restrictions, deductions are granted for, among other things, medical
expenses, medicare, certain donations, mortgage interest, retirement annuities and the cost of
domestic help.

Rates
The personal income tax rates are progressive, ranging from 5% to 35%. In addition, professionals
working in the country for no more than six months during the year are subject to a single and final
income tax withholding of 24.5%.

6.3 Inheritance and gift tax

Argentina does not levy an inheritance or a gift tax, although the Buenos Aires and Entre Rios
provinces have introduced such a tax.

6.4 Net wealth tax

The worldwide assets of individuals domiciled in Argentina held as of 31 December each year are
subject to a personal assets tax at 0.5% (to be further reduced to 0.25% for 2018) to the extent the
aggregate value of such assets exceeds ARS 950,000 (to be further increased to ARS 1.05 million for
2018). Deposits in local banks and public bonds are exempt.
With respect to holdings of shares in an Argentine company, however, the issuer deducts a final
withholding tax at the rate of 0.25% or does not apply any deduction if has qualified for the
exemption described in 5.8, above.
Foreign individuals coming to Argentina for employment purposes for a period not exceeding five
years are not considered domiciled in Argentina and, thus, are taxed only on their Argentine assets.
Argentine and foreign individuals domiciled abroad are subject to personal assets tax only on their
Argentine assets. Payments are made through a substitute taxpayer.
Under certain conditions, individuals that had fulfilled their tax obligations for 2014 and 2015 could
have requested by 31 March 2017 an exemption from the tax for 2016, 2017 and 2018.

6.5 Real property tax

The provincial governments levy a real property tax on urban and rural land, with the rate depending
on the jurisdiction. The tax base for the real property tax generally is the fiscal value of the property
determined by the applicable authority.

6.6 Social security contributions

The social security system is financed with funds generated by an employer contribution of 17% or
21% of payroll (without a cap and based on the size and activities of the employer) and an employee
contribution of 14% of salary (up to a monthly cap).
The health care scheme is financed with funds generated by an employer contribution of 6% of payroll
(without a monthly cap) and an employee contribution of 3% of salary (up to a monthly cap).
Self-employed individuals must make their own monthly contributions consisting of a fixed amount.

Argentina Taxation and Investment 2017 (Updated October 2017) 17

 6.7 Other taxes
There are no other taxes on individuals.

6.8 Compliance
Argentina operates a self-assessment system. The tax year for individuals is the calendar year.
Each individual must file a return; joint returns are not permitted.
Individuals who derive only employment income (that does not exceed ARS 500.000 annually) are not
required to file an income tax return; instead, the employer is required to withhold tax at source,
which is considered a final tax. Individuals with other types of income must make five prepayments,
which for the 2017 tax year are payable in July, September, October and December 2017 and March
2018. Final payments of tax are made when the tax return is submitted (on an annual basis) in mid-
June of the year following the year in which the income was derived.
Foreign taxpayers are not required to file tax returns if their income tax liability is fully satisfied by tax
withheld on their income from Argentine sources.
Interest is imposed for late payments (3% monthly), plus fines ranging from 50% to 100% of the tax
omitted (reductions are available). Tax evasion is subject to higher penalties and possibly
imprisonment.

Argentina Taxation and Investment 2017 (Updated October 2017) 18

 7.0 Labor environment
7.1 Employee rights and remuneration
Argentina’s Labor Law governs labor-management relations, although there are other laws and
agreements relating to employee rights and remuneration, such as the Labor Union Law and the Labor
Risk Law and collective bargaining agreements.

Working hours
The normal work week is eight hours per day on weekdays and five hours on Saturday, i.e. a total of
45 hours per week. The work week may not exceed 48 hours. Night shifts (between 9 pm and 6 am)
may not exceed eight hours, but this restriction does not apply to employees working a “swing” shift
(i.e. afternoon/evening shift). The schedule for employees engaged in “unhealthy” work (as
determined by the Ministry of Labor, Employment and Social Security) may not exceed six hours per
day or 36 hours per week.
Overtime is compensated at a 50% premium for work on weekdays and Saturday mornings, and a
100% premium for work after 1 pm on Saturdays and on Sundays and holidays. Overtime may not
exceed 30 hours per month or 200 hours per year.

7.2 Wages and benefits

There are two types of minimum salary: minimum adjustable salary and salary under a trade union
agreement.
The minimum adjustable salary is the lowest remuneration an employee receives in cash (excluding
family allowances) for normal work hours to ensure he/she is able to meet basic needs (e.g. food,
housing, education, clothing, healthcare, transport, entertainment, holidays and pension benefits).
The minimum amount, established periodically by the government, is ARS 8,060 for employees who
work a full day. Actual salaries, however, are higher.
A salary under a trade union agreement is the minimum salary for the worker’s job description, and
the amount established cannot be changed by either party. Collective labor agreements establish
realistic minimum salary tables, which generally are used.
Aside from the minimum salary, an employee and an employer can freely agree to a higher salary.
The law and collective bargaining agreements are the only limits on the parties’ freedom to agree on
salary amounts.

Social benefits
Social benefits are designed to improve the quality of an employee’s life or that of his/her family (e.g.
the refunding of medical expenses). These benefits have a nonremunerative nature and, therefore, are
not subject to social security taxes, even though they are subject to income tax. They also cannot be
considered in the calculation of benefits that are remunerative in nature (e.g. annual complementary
salary, vacations, paid leave, etc.).

Accident insurance
Argentina operates an industrial accident and illness scheme that mandates compulsory insurance run
by private insurance companies, which cover workman’s compensation and work-related illnesses.

Other benefits
Employees are given an extra month of salary as an annual bonus that must be paid in two
installments in June and December. The bonus is calculated as 50% of the highest monthly salary
received in the previous six months of employment.
Paid vacation is set at 14 days annually for employees with up to five years of service, 21 days for
employees with five to 10 years of service, 28 days for employees with 10-20 years of service and 35
days for employees with more than 20 years of service.
Paid sick leave is required by law. Leave of up to three months is allowed for employees with fewer
than 10 years of service, and of up to six months for employees with more than 10 years of service.
Allowable sick leave is doubled for employees with dependents. In the event of a protracted illness, an
employee’s job must be held open for 12 months, beginning after three to six months of illness, based

Argentina Taxation and Investment 2017 (Updated October 2017) 19

 on the employee’s number of years of service. Maternity leave of three months is paid by the Social
Security Authority. Mothers have the right to extend their leave by another three-month period
without salary and may not be fired for one year after giving birth.

7.3 Termination of employment

During the trial employment period, employers may lay off an employee without compensation,
provided 15 days’ notice is given. Companies must pay all employee contributions and benefits during
the trial period.
In the case of redundancies, employees who have worked for an employer for more than five years
must be given two months’ notice. One month’s notice is sufficient for employees with less than five
years of employment. Employers may opt to provide payment in lieu of advance notice equal to the
salary for either one or two months. Severance pay is calculated on the basis of one month of salary
per year worked.
Employees are entitled to compensation for work-related accidents.
Laid-off workers are entitled to one month’s salary for each year of service. To this amount, employers
must add a proportionate share of the annual bonus and any remaining vacation days. Companies
normally pay all the amounts and sign an agreement with the employee concerned to avoid future
legal issues.

7.4 Labor-management relations

The General Confederation of Labor is the main employee organization, with some three million
members. The Argentine Workers Central represents about 600,000 workers, mainly in the public
sector. The level of unionization is nearly 30%.

7.5 Employment of foreigners

There are no restrictions on the employment of foreigners, provided they hold the appropriate visas.
To enter into an employment contract in Argentina, a foreign individual must have a certificate of
permanent residence or a certificate of temporary residence issued by the national immigration
authority. It also is necessary to comply with the national social security contribution system. In the
case of fixed term assignments, and to avoid double social security taxation, the domestic company
may request a social security exemption, but certain legal requirements must be met or there must be
a reciprocal agreement between Argentina and the employee’s country of origin. Argentina has signed
reciprocal social security agreements with Mercosur (the economic community comprising Brazil,
Uruguay and Paraguay, in addition to Argentina), Chile, Colombia, France, Greece, Ibero-America,
Italy, Peru, Portugal, Spain and Slovenia. These reciprocal agreements also are social security
totalization agreements.

Argentina Taxation and Investment 2017 (Updated October 2017) 20

 8.0 Deloitte International Tax
Source
The Deloitte International Tax Source (DITS) is a free online database that places up-to-date
worldwide tax rates and other crucial tax information within easy reach. DITS is accessible through
mobile devices (phones and tablets), as well as through a computer.

Connect to the source and discover:

A database that allows users to view and compare tax information for
different jurisdictions that includes:
• Corporate income tax rates;

• Historical corporate rates;

• Domestic withholding tax rates;

• In-force and pending tax treaty withholding rates on dividends, interest and royalties;
• Indirect tax rates (VAT/GST/sales tax); and

• Information on holding company regimes.

Guides and Highlights: Deloitte’s Taxation and Investment Guides analyze the investment climate,
operating conditions and tax systems of most major trading jurisdictions, while the companion
Highlights series concisely summarizes the tax regimes of over 100 jurisdictions.
Jurisdiction-specific pages: These pages link to relevant DITS content for a particular jurisdiction
(including domestic rates, tax treaty rates, holding company information, Taxation and Investment
Guides and Highlights).
Tax publications: Global tax alerts and newsletters provide regular and timely updates and analysis
on significant cross-border tax legislative, regulatory and judicial issues.
Tax resources: Our suite of tax resources includes annotated, ready-to-print versions of holding
company and transfer pricing matrices; an R&D incentive matrix; monthly treaty updates; and
expanded coverage of VAT/GST/sales tax rates.
Webcasts: Live interactive webcasts and Dbriefs by Deloitte professionals provide valuable insights
into important tax developments affecting your business.
Recent additions and updates: Links from the DITS home page provide easy access to new and
updated content.

DITS is free, easy to use and readily available!

https://www.dits.deloitte.com

Argentina Taxation and Investment 2017 (Updated October 2017) 21

 9.0 Contact us
To find out how Deloitte professionals can help you in your part of the world, please visit the global
office directory at https://www2.deloitte.com/global/en/get-connected/global-office-
directory.html, or select the “contact us” button at https://www2.deloitte.com/tax.

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